Commentary

D9.435 Small holdings of securities

Corporate tax
Corporate tax | Commentary

D9.435 Small holdings of securities

Corporate tax | Commentary

Excluded persons

D9.435 Small holdings of securities

The exclusions described in this article apply only to the persons concerned and not to the other parties to the transactions.

Individuals

  1.  

    (a)     An individual is excluded from the accrued income scheme in respect of an acquisition or disposal of securities (whether with or without accrued interest) if on any day in the tax year in which the interest period ends or in the previous tax year the nominal value of all securities he or she holds does not exceed £5,0001;

  2.  

    (b)     An individual is excluded from the accrued income scheme in

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial